Caymus Capital Partners L.P. cut its holdings in Continental Resources, Inc. (NYSE:CLR) by 40.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 498,350 shares of the oil and natural gas company’s stock after selling 333,650 shares during the period. Continental Resources comprises approximately 2.4% of Caymus Capital Partners L.P.’s investment portfolio, making the stock its 14th biggest holding. Caymus Capital Partners L.P. owned approximately 0.13% of Continental Resources worth $19,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CLR. ProShare Advisors LLC increased its holdings in Continental Resources by 1.5% during the second quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock worth $264,000 after buying an additional 118 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Continental Resources by 1.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock worth $255,000 after purchasing an additional 146 shares during the period. Utah Retirement Systems boosted its position in Continental Resources by 1.3% during the second quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock worth $517,000 after purchasing an additional 200 shares during the period. Aviva PLC boosted its position in Continental Resources by 0.5% during the second quarter. Aviva PLC now owns 56,252 shares of the oil and natural gas company’s stock worth $1,819,000 after purchasing an additional 300 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Continental Resources by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 39,941 shares of the oil and natural gas company’s stock worth $1,277,000 after purchasing an additional 647 shares during the period. Institutional investors own 23.27% of the company’s stock.

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Shares of Continental Resources, Inc. (NYSE CLR) traded down $0.98 on Tuesday, hitting $44.85. The company had a trading volume of 2,284,797 shares, compared to its average volume of 2,870,929. Continental Resources, Inc. has a 12 month low of $29.08 and a 12 month high of $60.30. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55. The company has a market cap of $17,518.50, a PE ratio of 1,167.25 and a beta of 1.40.

Continental Resources (NYSE:CLR) last released its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $726.74 million during the quarter, compared to analyst estimates of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. Continental Resources’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) EPS. analysts anticipate that Continental Resources, Inc. will post 0.23 earnings per share for the current fiscal year.

CLR has been the subject of a number of recent research reports. Barclays PLC boosted their target price on shares of Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Morgan Stanley boosted their target price on shares of Continental Resources from $51.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. BidaskClub raised shares of Continental Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Stifel Nicolaus set a $68.00 target price on shares of Continental Resources and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Citigroup Inc. reduced their target price on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.27.

Continental Resources Profile

Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.

Institutional Ownership by Quarter for Continental Resources (NYSE:CLR)

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